re: #76 Talking Point Detective

Some of it may have to do with the drop in real estate prices. Even though wages were stagnant, their house’s value was climbing practically daily. They felt like they were getting ahead even though everyone else’s property values were going up too, so they couldn’t realize the gains. They’d just have to put the appreciated value into another equally appreciated property. Now they’ve “lost money” and have realized they aren’t making a lot of money elsewhere.